Japan may have spent $32bn in Friday's yen intervention

CurrenciesThe second day of buying came on top of the U.S. selling euros for yenAround 6 p.m. on July 31 in Japan, the yen surged to the 158 range against the dollar from about 160 earlier. (Photo by Mayumi Tsumita)AKANE OKUTSUAugust 3, 2026 20:04 JSTTOKYO -- Preliminary money market data released by the Bank of Japan

Japan, U.S. Confirm Joint Yen-Buying Intervention, Signal More Action  HuffPost

Aside from helping Japan as a ally in Asia, the intervention would help the US address concerns over extraordinary weakness in the yen that offsets the boost from Trump's tariffs, analysts say.

Trump says US intervening to prop up yen as sign of friendship

US President Donald Trump says helping to bolster the Japanese currency is a sign of friendship.

Japan's Finance Ministry said Monday it conducted a coordinated yen-buying intervention with the U.S. Treasury on Friday.

The joint intervention is the ​first since ‌2011, when the two countries took coordinated action to weaken the yen in the aftermath of the earthquake in eastern Japan.

Japan confirms joint FX intervention with U.S., says won't hesitate for more  Reuters

FILE PHOTO: Yen and U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo 03 Aug 2026 07:16AM TOKYO, Aug 3 : Japan's Finance Ministry said it conducted coordinated yen-buying intervention with the United States on Friday to address recent "excessive volatil

After his remarks, the yen held a small loss against the dollar.

“It was a signal of friendship,” President Donald Trump says after being asked why the US intervened to support the Japanese yen.

The United States and Japan have executed a highly coordinated intervention to rescue the beleaguered yen, driving the currency to its highest level since early May following direct market purchases and explicit support from US Treasury Secretary Scott Bessent. The yen closed in New York on Friday at 157.40 against the